Learn English: Mortgage Mess: Bessent and the Principal Residence Debate (normal)

16 hours, 16 minutes ago

Mortgage Mess: Bessent and the Principal Residence Debate

US Treasury Secretary Scott Bessent's past mortgage applications are under investigation due to conflicting claims about his primary residence.

Reports indicate he listed two separate homes as his main residence in 2007, raising concerns about potential legal issues.

While experts currently see no evidence of fraud, the situation highlights inconsistencies often present in complex mortgage documents.

This controversy mirrors accusations against a Federal Reserve governor, creating a significant political and legal clash.

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Source

Original: The Guardian (Business)

Tags

#Scott Bessent #Mortgage Fraud #US Treasury #Federal Reserve #Lisa Cook

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